Coating Technologies Limited

Coating Technologies Ltd from Moreton-In-Marsh UK: a small, family-run holding company with an active status, was founded 45 years ago. The company employs eleven people and holds £1,066,753 in assets. With three directors and three owners, it’s a tight-knit operation. It’s an irregular importer of plastics and plastic products (two months imported) and a regular exporter of soaps, cleaning products, and waxes (forty-six months exported).

The company operates in the manufacture of paints, varnishes, and similar coatings, mastics, and sealants. It’s a small company, meeting two of three criteria: turnover less than £10.2 million, balance sheet less than £5.1 million, and fewer than 50 employees. The company’s website is not available, so it’s hard to tell if they are selling online.

Financially, Coating Technologies Ltd shows some interesting trends. Accumulated depreciation impairment property plant equipment has decreased significantly, with Computer Equipment down 74%, and Plant Machinery down 97%. The company’s bank borrowings have decreased by 22%, and cash bank on hand has fallen by 24%. Creditors have also decreased by 35%, which is a positive sign. However, trade debtors have increased by a whopping 69%, which could indicate payment delays. The company’s net assets have increased by 26%, which is a good sign.

It's clear that the company is facing some financial pressures, but it's also showing signs of resilience. The decrease in depreciation suggests they may have disposed of some assets, and the decrease in bank borrowings suggests they are managing their debt well. The increase in net assets is a positive sign, but the increase in trade debtors is a cause for concern. It's hard to say exactly what's going on, but it's clear that the company is navigating a complex financial landscape. The company’s accounts are unaudited, relying on director-reported data, and there is no auditor mentioned.

Registered in England/Wales under the registration number 01438105, with a registered address at GL56 9RF, England, Moreton-In-Marsh, Northwick Park Business Centre Northwick Business Centre, Blockley.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.